H.B. 250 Enrolled

COLLECTION AGENCY AMENDMENTS

1999 GENERAL SESSION

STATE OF UTAH

Sponsor: Ben C. Ferry

AN ACT RELATING TO COLLECTION AGENCIES; CLARIFYING THE REGISTRATION
REQUIREMENTS FOR COLLECTION AGENCIES; AND MAKING TECHNICAL CHANGES.
This act affects sections of Utah Code Annotated 1953 as follows:
AMENDS: 12-1-1, as last amended by Chapter 66, Laws of Utah 1984 12-1-5, as last amended by Chapter 66, Laws of Utah 1984
ENACTS: 12-1-10, Utah Code Annotated 1953Be it enacted by the Legislature of the state of Utah:
Section 1.
Section
12-1-1
is amended to read: 12-1-1. Registration and bond required.
No person shall conduct a collection agency, collection bureau, or collection office in this
state, or engage in this state in the business of soliciting the right to collect or receive payment for
another of any account, bill, or other indebtedness, or advertise for or solicit in print the right to
collect or receive payment for another of any account, bill, or other indebtedness, unless at the time
of conducting [such] the collection agency, collection bureau, collection office, or collection
business, or of [doing such] advertising or soliciting, [such] that person or the person for whom
he may be acting as agent, [shall have on file] is registered with the Division of Corporations and
Commercial Code and has on file a good and sufficient bond as hereinafter specified.
Section 2.
Section
12-1-5
is amended to read: 12-1-5. Record of registrations and bonds -- Right of inspection.
The Division of Corporations and Commercial Code shall keep a record of [such] allregistrations and bonds filed with it under the provisions hereof, with the names, places of
residence, and places of business of the principals and sureties, and the name of the officer before
whom the bond was executed or acknowledged, and the record shall be open to public inspection.

Section 3.
Section
12-1-10
is enacted to read: 12-1-10. Applications -- Fees.(1) Each application for registration under this chapter shall be made on a form provided bythe Division of Corporations and Commercial Code.(2) Each applicant shall pay to the Division of Corporations and Commercial Code anapplication fee determined under Section
63-38-3.2
.